Assurer now retired question
#1
to the ends of the earth
Thread Starter
Joined: Jul 2005
Location: Suffolk
Posts: 139
Assurer now retired question
Hi , our assurer is retired. He has the last two years tax papers covered and money in the bank (equivalent to years income +) but will that be sufficient instead of having a job?
Thanks
HH
Thanks
HH
#2
Joined: Feb 2004
Posts: 622
Re: Assurer now retired question
For the AoS interview you need to provide current salary info, in the form of wage slips or employers letter as well as historical tax returns for the previous 2 years. I think that is specified in the AoS documentation available ffrom Centrelink.
Originally Posted by ozhh
Hi , our assurer is retired. He has the last two years tax papers covered and money in the bank (equivalent to years income +) but will that be sufficient instead of having a job?
Thanks
HH
Thanks
HH
#3
Re: Assurer now retired question
Originally Posted by ozhh
Hi , our assurer is retired. He has the last two years tax papers covered and money in the bank (equivalent to years income +) but will that be sufficient instead of having a job?
Thanks
HH
Thanks
HH
1. Centrelink will look at *taxable* income.
2. Is his future income going to be above the limits (ie has he just retired?)
You may need professional advice from an agent familiar with the AOS rules.
Jeremy